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The article focuses on the dangers and benefits of real estate partnerships when it comes to taxation in the U.S. It says that most of the proposals gain from brokerage houses and real estate syndicators come as limited partnership, which allows the passing of depreciation for tax losses that are useful to shelter other income. It adds that private limited partnerships focus on tax-shelter than on cash income. Moreover, developers and their partners get affordable and liberal financing.

The article explores the Letter Rulings (Ltr. Rul.) 201122016, Ltr. Rul. 201123003, and Ltr. Rul. 201123005 issued by the U.S. Internal Revenue Service (IRS) to help real estate investment trusts (REITs) participate in activities that are consistent with congressional intent and available to them. It relates that these rulings show some activities that are available to REITs that ask the IRS for guidance.

The article discusses the real estate tax provisions to the Foreign Account Tax Compliance Act (FATCA) under the Hiring Incentives to Restore Employment (HIRE) Act and the introduction of Chapter 4 to Subtitle A of the Code in the U.S. It mentions the importance of knowing when income, gain, or loss from non-U.S. investors of real estate are not recognized as effectively connected income (ECI) with the U.S. trade. It provides an overview of FATCA and Chapter 4 in preventing tax evasion.

The article focuses on the build-to-suit like-kind exchange in the real estate business in the U.S. In structuring a build-to-suit exchanges, several tax and non-tax concerns must be considered including the safe harbor of Revenue Procedure 2000-37, the identity of the accommodation party and the protection of the taxpayer's contractual rights. The key in organizing such exchange is tax ownership of the property that is being improved.

The article focuses on the utilization of a related-party like-kind exchange in condominium and development conversions under Section 1031 in the U.S. The use of such exchange can attain deferral of gain recognition and prohibit the recharacterization of the gain on the inclination of the replacement property as ordinary income. Such rule offers planning opportunities for real estate developers who need to keep away from the obstacles underlying the Bramblett technique.

The article focuses on the application of Section 7701 (o) to the real estate transactions as part of the Health Care and Education Reconciliation Act of 2010 in the U.S. Section 7701 (o) has been enacted to allow the codification of the economic substance doctrine and the inclusion of penalties for transactions that lack economic substance. It recommends that practitioners must be careful to consider whether the economic substance doctrine is applicable to a transaction under the common law.

The article reports on sole proprietorship tax returns in the U.S. for the 2005 tax year. There were approximately 21.5 million individual tax returns that reported nonfarm sole proprietorship activity for 2005. Total profits for all nonfarm sole proprietorships were $269.9 billion, a 9-percent rise from the previous tax year. With a 17.6-percent increase in business receipts and a 16.4-percent increase in deductions, the real estate and rental and leasing sector posted the largest percentage increase in both receipts and deductions.

Reports on developments related to taxation of real estate business in New Orleans, Louisiana. Tax breaks for property owners in the Warehouse District; Tax break program's end; Impact on property owners' business operations.

The Internal Revenue Service released revised guidance Thursday extending its relief for certain partnerships, real estate mortgage investment conduits, and other organizations that didn't file the necessary returns by the new due date for tax years beginning in 2016. [ABSTRACT FROM AUTHOR]

The article discusses a recent change in tax regulation covering Sections 1.469-4 and 1.469-9 of the U.S. Internal Revenue Code (IRC). Included in this report are sections pertaining to the relationships of the grouping of activities, and of the grouping of rental and real estate activities. It discusses various characteristics that differentiate the two IRC regulations in the area of IRS notification of rental and real estate groupings, the general types of activities that can be used, and IRS notification of change in facts and circumstances.

The article focuses on the plea of the business leaders in New York City's Lower Manhattan for the New York state government to renew the tax breaks that were passed in the aftermath of the terrorist attacks in September 2011. Topics covered include the expiration of the commercial-rent tax exemption and other breaks, the scheduled end of the state legislative session on June 17, 2015, and the benefits of the breaks for the economic security and job creation in the area.

Discusses tax changes favorable to the real-estate industry. Reauthorization of the low-income housing tax credit and the tax-exempt mortgage revenue bond program; Effect on small builders and construction firms; Mortgage interest and capital gains; Credit availability; Discharged debt; Passive losses; Depreciation period for commercial real estate.

Discusses the impact of flat tax rates on real estate business in Long Island, New York. Description of flat tax rate systems; Reduction of real estate's value; Industry experts' comments.

The article provides the comments offered by commercial real estate (CRE) economists on the changing trend in CRE. Relation between gross domestic product (GDP) and CRE industry as per Tim Wang of the investment company Clarion Partners, anticipation of the effect of tax reforms on the rent and occupancy as per Heidi Learner of real estate firm Savills Studley, and effect of the organization real estate investment trust (REIT) as per Brad Case of research firm NREIT.

The article reports on the new fiscal cliff compromise bill, The American Taxpayer Relief Act, in the U.S. This new legislation allows homeowners to write off the insurance premiums they paid during 2012 along with their mortgage interest, provided the household income does not exceed $110,000. Details on the disadvantages of this legislation to homeowners and brokers are also highlighted.

The article focuses on the benefits of the Tax Relief, Unemployment Insurance Reauthorization, and Jobs Creation Acot of 2010 to the real estate industry in the U.S. The extension of the grants-in-lieu-of-credits program for energy property is one of the indirect benefits of the Act to the said industry. The prolongation of a special treatment of contributions of the real property's capital gain created for conservation purposes is also an indirect benefit to the industry.

The article focuses on the potential impact of U.S. President Donald Trump's economic policies on commercial real estate market in the country in 2017. Topics discussed include the advocacy of Trump for changes in laws and regulations, reduction in corporate tax rate, and increase of Treasury yields and swap rates.

Reports on the Restoration Tax Abatement Program in Gretna, Louisiana. Passage of the bill in April 1999 to spur economic development; Property tax benefits for property owners who carry out restorations in designated economic development districts; Program's design as primarily for commercial property; Charles and Judy Shano's Hope Properties Inc. as the first to receive approval to participate in the program.

Editorial. Discusses the need of the New York City administration to stop seizing buildings for non-payment of taxes. Reasons for the same; Difficulty in selling the property; Other possible solutions to the problem; Overhaul of the system of rent regulation; Attracting investors into the city; Related details.

Reports that Baton Rouge, Louisiana Mayor Tom Ed McHugh is urging residents to vote for real estate sales tax increase in the November 8, 1994 election in Louisiana. Quality-of-life projects; Proposition One and Proposition Two; Capital improvement programs.

Focuses on the application of losses from passive activities to the computation of taxable income in real estate rental. Losses from trade or business; Definition of passive activities; Omnibus Budget Reconciliation Act of 1993; Facilitation of qualification for the law.

The author discusses the impact of near-term expirations of key tax provisions to the growth of apartment industry. He mentions that the industry is preserving number of key tax provisions due several hanging tax issues, featuring the expiration of tax cuts regulation former U.S. president George W. Bush. Moreover, he states that industry has a significant stake in the extending tax provisions making the flat tax credit permanent for the Low-Income Housing Tax Credit.

The article reports that the International Civil Service Commission (ICSC) is opposing the proposed 150 percent tax increase on real estate partnerships' carried interest in the U.S.

Discusses several possible state tax rules for commercial real estate in the U.S. Discussion on business privilege tax; Plans for investment income taxation; Information on possible sales tax reforms; Possibilities for franchise taxes and user fees.

Addresses the taxation of rental income from real estate in the United States in generating extra revenue. Details on the issued ruling of the United States Internal Revenue Service; Use of the guidelines.

Discusses terms in the 1993 Budget Reconciliation Act which excludes certain rental real estate activities of real estate professionals from the passive activity rules in taxation. Real estate professional defined; Determining which activities qualify; Activities that may not be grouped; Substantiation.